High Street, Heytesbury, Warminster, Wiltshire, BA12 0ED
This truly is a fantastic opportunity to run one of Wiltshire's most desirable destination pubs with the benefit of two ensuite letting rooms and a discounted rent for the right operator! *There may be an opportunity for the F&F to be financed via an assisted purchase agreement subject to a minimum 25% initial deposit*
The Pub has built an excellent reputation for good food in a relaxed atmosphere. The opportunity to further develop the letting side of the business should also attract the right applicants to take on this well known and loved site.
*Investment planned for this site*
There are two main bar areas and a snug suitable for dining. There are currently 69 covers spread through these three areas. Externally there is a patio area accessed through the main bar.
|Car park spaces||8|
|Rooms to let||2|
In addition to the letting rooms, there are two further rooms which could be updated for letting purposes. There is an additional two roomed managers flat with ensuite facilities, a further ensuite double bedroom, an office and a laundry room. There is the possibility of renting the rear house in the car park which belongs to a local resident, this cottage houses a further two private rooms in addition to two further ensuite letting rooms.
|Annual rent||£37,000 per annum plus 6% Turnover Royalty|
£37,000 per annum, £711.54 per week fixed and subject to annual RPI increase, which is capped. Turnover royalty percentage calculated and charged weekly as long side fixed rent. Paid weekly by direct debit subject to credit check. Machine income free of tie.
Entry Costs approx £43,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). There may be the opportunity for the right applicant to finance a maximum of 75% of the F&F costs through a Greene King assisted purchase scehme.
|Fixtures & fittings||£18,000||Working capital||£10,000|
|Other costs||£8,150||Total entry cost||£43,800|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||This pub has been free of tie for wines and spirits.|
The pub is situated in the lovely Wiltshire village of Heytesbury which is located just south of Warminster on the main A36 road to Salisbury.